Accrued rent income

Accrued rent income is the amount of rent that a landlord has earned in a reporting period, but which has not yet been received from the tenant. This amount should not be recorded if it is probable that the tenant will not pay, and there is no alternative method for receiving payment.

The accounting entry for this item is to debit accounts receivable (asset) and credit the accrued rent income account (revenue).

Related Courses

Property Management Accounting